Market Information Thursday 30 November 2023

In November, inflation (HICP) in the Netherlands rose to 1.4%, lower than the expected 1.6%, according to preliminary figures from CBS. In October inflation was still at -1%. According to the Dutch definition, inflation (CPI) is 1.6%, up from -0.4% last month. Inflation poses a challenge to the European Central Bank. The official inflation figure is affected by a changed calculation method by CBS, which may understate current inflation.

The U.S. economy performed stronger in the third quarter, data from the U.S. Commerce Department showed on Wednesday. The economy grew 5.2%, compared with 2.1% in the second quarter. Earlier estimates held for growth of 4.9%. The PCE consumer price index also showed an increase, up 2.8%, from 2.5% in the second quarter.

Consumers in Japan have become more optimistic, according to recent figures from the Japanese government. In November, the confidence index rose from 35.7 to 36.1 from October. Three of the four sub-indexes showed increases, with only the component concerning income showing a slight decline on a monthly basis.

The 6M Euribor decreased with 2 basis points to 4.03% compared to previous business day. The 10Y Swap decreased with 6 basis points to 2.93% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.